Uruguay: Accumulator Market 2022

Accumulator Market Size in Uruguay

In 2021, the Uruguayan accumulator market decreased by -X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a deep setback. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Accumulator Exports

Exports from Uruguay

Accumulator exports from Uruguay skyrocketed to X units in 2021, rising by X% compared with 2020 figures. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, accumulator exports skyrocketed to $X in 2021. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X units), Peru (X units) and Chile (X units) were the main destinations of accumulator exports from Uruguay, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Peru ($X) constituted the largest markets for accumulator exported from Uruguay worldwide, with a combined X% share of total exports. These countries were followed by Chile, Paraguay and the United States, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average accumulator export price amounted to $X per unit, reducing by -X% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Paraguay ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Accumulator Imports

Imports into Uruguay

In 2021, the amount of electric accumulators imported into Uruguay fell sharply to X units, waning by -X% against 2020 figures. Over the period under review, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, accumulator imports fell significantly to $X in 2021. In general, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest accumulator supplier to Uruguay, with a X% share of total imports. Moreover, accumulator imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), threefold. The third position in this ranking was taken by Hong Kong SAR (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Hong Kong SAR (-X% per year).

In value terms, the largest accumulator suppliers to Uruguay were Brazil ($X), China ($X) and the United States ($X), together accounting for X% of total imports. These countries were followed by France and Hong Kong SAR, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average accumulator import price stood at $X per unit in 2021, dropping by -X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform